Alvarez & Marsal bolsters its UK Tax offering with two senior hires

Alvarez & Marsal (A&M) has strengthened its tax advisory team with the appointments of Andy Murray and Prasam Patel as Managing Directors.

Andy Murray has more than 25 years’ experience in international tax, tax policy and investment banking, with a primary focus on M&A transactions and private credit markets. He works with clients in the alternative credit, energy, telecommunications and retail sectors advising stakeholders on the international tax implications of their commercial operations.

Prior to joining A&M, Mr. Murray was a Managing Director at Kroll, where he led the transaction tax practice in the EMEA region. He recently advised a €10.5 billion alternative credit fund on restructuring several of its distressed lending positions, including legal enforcement and conversion of its debt positions. He has also advised French and German energy groups on the potential divestment of their U.K. wholesale gas businesses and the governments of the Cayman Islands and the Turks and Caicos on their OECD compliance and reporting obligations.

Prasam Patel brings over 17 years of experience in real estate and infrastructure tax, advising investors and developers to help complete deals, improve tax efficiency and manage risk. He specialises in supporting clients to understand and make decisions on risk areas, particularly during commercial negotiations, as well as structuring their holdings across a range of real estate sectors including residential, commercial and healthcare assets. He also has significant experience advising clients in the infrastructure and renewable sectors on greenfield and brownfield projects.

Prior to joining A&M, Patel spent just under 10 years with Mazars LLP, leading their real estate offering in the U.K., and serving most recently as Partner and Head of Real Estate. He helped grow the nascent businesses across multiple areas – both tax and non-tax – working with multinational clients, funds, and developers. His notable projects include structuring a combined hotel and residential site with a GDV of £1+ billion, advising an inbound investor on a complex acquisition of student accommodation assets of over £100 million, and supporting clients on bids for infrastructure and renewables projects.

Commenting on his decision to join A&M, Andy Murray, said, “A&M’s pedigree and ambitious growth plans in a challenging market is what sets it apart from competitors. Whilst others have been putting the brakes on, A&M has proactively hired and assembled a team of exceptional senior and experienced advisory professionals. I’m delighted to join the team and look forward to utilising my experience to further enhance A&M’s offering in the private credit and corporate restructuring space.”

Commenting on his appointment, Prasam Patel, said: “As the tax landscape continues to evolve, clients are faced with increasing complexity in tax matters and require support on a range of issues from structuring and efficiency to risk and compliance. Joining A&M presents an exciting opportunity to collaborate with a dynamic team of highly experienced, sector specific consultants and provide innovative solutions to our clients as they navigate this evolving landscape.”

Remarking on the appointments, Marvin Rust, Managing Director at Alvarez & Marsal U.K. Tax, said, “We are really pleased to welcome Andy and Prasam to the A&M Tax family. The growth that the tax advisory team has experienced in recent years is something we’re really proud of, and we look forward to working closely with them to provide strategic tax guidance in their respective areas as we further enhance our overall offering”.

Commenting on the new hires, Ernesto Perez, Global Practice Leader of A&M Tax said, Andy’s and Prasam’s wealth of expertise not only bolsters our capabilities but also positions us to deliver exceptional services to clients on a global scale. This strategic move marks a pivotal moment in our commitment to providing unparalleled solutions and elevating our presence in the tax advisory industry.